The area I’m focused on is Southeast Texas, where I know the market, rents are strong and rising, housing supply is limited and there is major industrial capital expenditure committed to the area over the next 10 years.I'm an experienced investor, having built my portfolio almost entirely while abroad and avoiding turnkey companies.  

Consume less than 2000 calories on 300 days.

You can get two full days of calories and admire the view of the Lowe’s parking lot!

If you see future capex expenditures that could hurt the cashflow you're referencing, maybe not. 

Not every park has all of these expenses and some have additional expenses but this is a good starting point.AdvertisingBank Service ChargesDepreciationInsurance: LiabilityInsurance: PropertyInsurance: Workers CompInterest: MortgageLegal and AccountingLicenses and PermitsMaintenance LaborManagement OffsiteManagement OnsiteMowing & LandscapingPostageRent Discounts & IncentivesRepairs: EquipmentRepairs: PropertyReserve for Capital Improvements Supplies: MaintenanceSupplies: OfficeTaxes: PayrollTaxes: PropertyTelephoneTravelUtilities: ElectricUtilities: GasUtilities: TrashUtilities: Water & SewerIn most cases when you review a sales package for a mobile home park for sale it will not mention any reserve for capital expenditures.

Things like borrowing money, capital expenditures in excess of $XX, etc.

Max rent allowable on each at the 1.1% lets me list rent for a condo in the middle reasonably for $638.00/month. there is also a $155.00 condo association fee tacked on the end that I'm not sure can be added to the monthly rent. so the proposed cash flow of each condo per month will roughly be $134.00/unit without even breaking into other expenditures, that is covering a conventional loan of 20% down and 349/month per unit mortgage for 30 years. so with all 4 units as one giant loan package, a conglomerate loan will be for 232,000 with 20% down leaving the mortgage payment of 1195/month for 30 years. tentative cash flow before expenses/mortgages will be 2,552.00 subtracting mortgage and association fee only.

A 3-7 year hold is a relatively short time where I may not experience capital expenditure I has needing to replace a roof or AC unit.6.

I definitely plan on account for vacancy, holding costs, maintenance and capital expenditure costs any turnover costs between residents. 

Is this a reasonable expenditure amount?